Medical Clinics Secure Coverage Hard-To-Place Risk Solved
Real-World Examples and Statistics
According to the American Medical Association, medical malpractice claims have seen a steady increase, with an average payout of $348,065 in recent years1. This statistic highlights the importance of having adequate malpractice insurance to protect against potentially crippling financial liabilities. Furthermore, a report by the Ponemon Institute found that the average cost of a healthcare data breach is $7.13 million, emphasizing the need for robust cyber liability coverage2.